Specialist Accountants for Opticians & Optometrists
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GOS income reconciliation, VAT apportionment between exempt sight tests and taxable dispensing, stock control and owner profit extraction.
Self-assessment, IR35 status on agency work, GOC and professional fees, mileage between practices and equipment claims.
Management accounts per branch, partial exemption calculations, payroll for optical assistants and funding for new sites.
Ophthalmology and refractive surgery providers: company accounts, VAT on cosmetic versus medical treatment and capital allowances on equipment.
Incorporation reviews, capital allowances on OCT scanners and consulting room fit-out, and profit extraction planning for practice owners.
Payroll for optometrists, dispensing opticians and optical assistants, plus auto-enrolment, statutory pay and locum payments.
Cloud bookkeeping that reconciles GOS payments, private fees and retail till takings so your figures are accurate all year.
Sight tests are exempt while frames and lenses are taxable, so a mixed supply needs apportioning. We use an HMRC-acceptable method and defend it if queried.
Reports showing tests per day, dispensing conversion, margin per branch and profit trends, so decisions are based on real numbers.
Accounting for an optical practice can become more complex because professional services, optical goods, stock, equipment and staffing often sit alongside one another. The financial records need to reflect those different activities accurately, which can raise questions that a specialist accountant can help clarify.
GOS income, voucher values, partial exemption and dispensing margin — no explaining required.
Independents, multiples and locum optometrists each get a different service, not a template.
We use a defensible apportionment method and keep the workings ready in case HMRC asks.
One agreed monthly fee with no hourly billing and no surprises at year end.
Management accounts that show where the profit actually comes from, test by test and branch by branch.
You deal with the same qualified person every time, by phone or email, not a call centre.
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant for opticians who understands GOS income, stock and dispensing margin.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
Accountants for Opticians help optical professionals and practices with bookkeeping, annual accounts, Self Assessment, Corporation Tax, payroll and VAT support where applicable. They also help organise income from professional services, spectacle sales and contact lens supplies, while keeping financial records accurate and compliant with relevant UK requirements.
Support can be provided to independent opticians, optometrists, dispensing opticians, self-employed optical professionals, optical practice owners, partnerships and limited companies. The right accounting approach depends on how each person or business operates, earns income and is structured, so services are matched to the individual circumstances rather than applied in the same way to everyone.
Yes. Self-employed opticians and optometrists can need help with Self Assessment, record keeping, expenses and tax planning. Their accounting needs can differ from those of a practice employing staff or selling optical goods, so the support should reflect whether they work as a sole trader, locum, partner or limited company contractor.
Optical practices may need bookkeeping, annual accounts, payroll, management accounts, tax planning and VAT support, although not every practice will require every service. A practice selling spectacles and contact lenses may also need help tracking stock, supplier costs and different income streams, while those focused on professional services may have different priorities.
Bookkeeping and Self Assessment support can be provided for opticians, optometrists and dispensing opticians, whether they work alone or within a practice. Accurate records of professional fees, optical sales, expenses and equipment costs help support the tax return process, but the exact treatment depends on individual circumstances and business structure.
Limited company optical practices and incorporated optical businesses can need annual accounts and Corporation Tax support. This can involve reviewing income, allowable expenses, stock, equipment, payroll and directors' remuneration. The figures and tax position depend on the company's circumstances, so accounts and returns should be prepared around the actual activity rather than a generic template.
Some optical businesses need to consider VAT, but the position is not identical for every supply. Professional optical services, spectacles, contact lenses and other goods can have different VAT treatments depending on the nature of the supply and the business's circumstances. VAT registration and reporting should therefore be reviewed carefully rather than assumed.
Switching accountants is usually a straightforward process, although the steps depend on your current arrangements and the records available. It can help to discuss your optical business, existing accounting needs and deadlines first, so any transition is organised around your practice or professional activity. CruseBurke can then confirm what information is needed.
